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Baidu and China Telecom Stop Accepting Bitcoin, Price Slumps Again

CoinDesk: "The bitcoin price has continued to drop overnight on major bitcoin exchanges. The price on exchanges included in the Bitcoin Price Index all currently sit below $700, with the BPI overall having dropped almost 20% to $670 since close of play last night, and BTC China’s price seeing a low of ¥4,003 ($658) this morning."

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dilawer2708d ago

that's the reason why its value plummeted.